Honeywell UOP (US) and Generon, Inc. (US) are Leading Players in the Gas Separation Membrane Market
The gas separation membranes market is projected to reach USD 1.4 billion by 2028, at a CAGR of 7.1% from USD 1.0 billion in 2023. The growth of the global gas separation membranes market is driven by regulations regarding carbon capture and growing demand for nitrogen generation. The demand for clean energy is driven to improve the efficiency and sustainability of various processes, i.e., essential for achieving cleaner and more environmentally friendly energy solutions.
The key global players in the gas separation membrane market are Air Products and Chemicals, Inc. (US), Air Liquide (France), UBE Corporation. (Japan), Honeywell UOP (US), Fujifilm Manufacturing Europe B.V. (Netherlands), Schlumberger Limited (US), DIC Corporation (Japan), Parker-Hannifin Corporation (US), Membrane Technology and Research, Inc. (US), and Generon, Inc. (US) among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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Honeywell UOP
Honeywell UOP is one of the leading manufacturers of catalysts, membranes, and adsorbents. It is a part of Honeywell's Performance Materials and Technologies business group and is a wholly owned subsidiary of Honeywell International Inc. The gas processing business segment provides gas separation membranes for various applications, such as acid gas removal, hydrogen recovery, and others. The company has adopted organic and inorganic growth strategies and intends to focus primarily on business opportunities in the areas of renewable fuels, reducing emissions, and environmental sustainability. In addition, strong distribution channels have helped the company establish a strong foothold in various countries.
In November 2021, Honeywell announced collaboration with SK Innovation and Energy, a Korea-based energy refining company, for a feasibility study to retrofit SK's hydrogen plant with carbon capture. SK Innovation and Energy is expected to explore capturing and sequestering 400,000 tons of carbon dioxide (CO2) from existing hydrogen production facilities. Honeywell UOP has multiple technology offerings like solvents, membranes, cryogenics, and pressure swing adsorption (PSA) systems that can be optimized to meet the project requirements.
Generon
Generon is one of the leading players in the design and supply of nitrogen generators, membranes, and pressure swing adsorption systems. These membranes are used in oil & gas, petrochemical, marine, and industrial applications. These membranes are used for nitrogen generation, natural gas purification, oxygen generation, and custom gas separation. The company has put a high emphasis on R&D and adopted a new product launch strategy to develop gas separation membrane technology. This strategy will enable the company to be one of the leaders in the gas separation membranes market.
In November 2020, Generon manufactured and delivered a Sulfur Hexafluoride (SF6) purification system to FluoroMed. The system consists of Generon membranes in multiple stages, which purify SF6 from gas. The system provides 99.9% purity SF6 gas.
Related Reports:
Gas Separation Membrane Market by Material Type (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate), Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal), and Region - Global Forecast to 2028
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